Google is reportedly planning to test contactless mobile payments at stores in New York and San Francisco, says Bloomberg.
According to a source close to the project, Google will begin installing thousands NFC-compliant terminals from VeriFone at retail locations throughout the two cities within the next four months.
The leak follows Google’s recent introduction of the new Android “Gingerbread” OS, which supports NFC payments, as well as the NFC-enabled Nexus S handset.
If the rumors are true, the project will draw Google in direct competition with ISIS, the U.S. mobile payments platform from AT&T, Verizon Wireless and Discover Financial Services.
Read more here.